Big Yellow Group (LON:BYG) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Big Yellow Group Plc (LON:BYG) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,001.94 and traded as high as GBX 1,026. Big Yellow Group shares last traded at GBX 1,018.05, with a volume of 679,979 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,310 price objective on shares of Big Yellow Group in a research report on Tuesday, November 18th. Liberum Capital restated a “buy” rating and set a GBX 1,385 price target on shares of Big Yellow Group in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group downgraded Big Yellow Group to a “hold” rating and raised their price objective for the stock from GBX 1,092 to GBX 1,191 in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Big Yellow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,271.50.

Big Yellow Group Trading Down 0.6%

The company has a 50 day moving average of GBX 1,095.02 and a 200 day moving average of GBX 1,002.11. The firm has a market cap of £1.99 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 16.68.

Big Yellow Group (LON:BYG) last released its quarterly earnings results on Monday, November 17th. The company reported GBX 30 EPS for the quarter. Big Yellow Group had a net margin of 120.15% and a return on equity of 10.18%. As a group, research analysts anticipate that Big Yellow Group Plc will post 57.4799434 EPS for the current year.

Big Yellow Group Company Profile

Big Yellow is the UK’s brand leader in self storage.
Our diverse customer base, strong brand and location of our 109 stores helps us deliver a resilient performance.
We are committed to innovation in customer engagement, harnessing technology and investing in the development of our store teams. This dedication puts exceptional customer service at the heart of what we do, whilst ensuring we continue to operate a sustainable business.